Hard Money Loan Requirements: How to Close Fast

Speed comes from preparation. If you want a fast hard money loan, have these items ready so underwriting can approve and fund quickly.

1) Property details
Address, photos, purchase contract, and exit plan. For a fix-and-flip, include scope, budget, and comps. For a bridge, describe the take-out strategy.

2) Borrower profile
Entity docs, ID, experience highlights, and recent projects. Credit is reviewed, but we focus on collateral and deal strength.

3) Numbers that pencil
We lend up to 65% LTV based on current value or as-is appraisal. If a rehab is involved, share ARV comps and contractor bids to validate the business case.

4) Title and insurance
Clear title and appropriate hazard insurance binders help avoid last-minute delays.

5) Timeline
Tell us your target closing date and any contingencies. We align escrow, docs, and wire timing so you can meet contract obligations.

At Prosper Financial Solutions, LLC, our process is built for speed and certainty. Provide a clean file, and we move fast so you win deals without bank delays.

Related reading: Fast Hard Money Loans for Real Estate Investors in 2025

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